But have just received this email, which makes me think maybe I should get a miner after all :)
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138 sats \ 1 reply \ @Enemy_of_the_state 14 Aug
One hour is too short a window to justify the capex, good idea though.
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21 sats \ 0 replies \ @OT 14 Aug
I think that's for the session to talk about the free "green" energy.
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83 sats \ 9 replies \ @OT 14 Aug
See how long the power is for during the day. It sounds like solar. Its not going to be worth running an industrial miner for part of the day.
Small miners like a bitaxe/nerdaxe don't cost much to run whether you have free energy or not.
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0 sats \ 0 replies \ @sexysat 15 Aug
Actually it is better to use solar electricity, it might be effective, I agree with your opinion.
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0 sats \ 0 replies \ @SpaceHodler OP 15 Aug
Thanks for the tips.
I, too, was thinking a bitaxe/nerdaxe. Also, there may be a fair usage policy not mentioned in the email.
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0 sats \ 6 replies \ @WeAreAllSatoshi 14 Aug
What about something in between like a FutureBit?
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10 sats \ 5 replies \ @OT 14 Aug
I'm not so familiar with it. I know they're like $2k, and for that price you can get an old S19 but then it will use a lot more electricity.
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121 sats \ 4 replies \ @WeAreAllSatoshi 14 Aug
I think only the newest special edition costs that much. You can get the latest model as low as $800 I believe.
I have one of the first generation ones and it draws 250W running slightly overclocked. Not a ton of power, but not insignificant either
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0 sats \ 3 replies \ @OT 14 Aug
What kind of hash rate does it produce?
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0 sats \ 2 replies \ @WeAreAllSatoshi 14 Aug
About 3.5TH/s
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0 sats \ 1 reply \ @OT 15 Aug
Sounds pretty good actually... I might have another look.
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0 sats \ 0 replies \ @WeAreAllSatoshi 15 Aug
The second generation produces a lot more hashrate, but definitely more pricey, too.
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20 sats \ 0 replies \ @BitcoinAbhi 15 Aug
Just use it and update response. May be later, time will increase from one hour to many hours. If they are using solar systems.
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11 sats \ 0 replies \ @Athena 15 Aug
There is not doubt ,They are using solar system. But one hour is a very short period.
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0 sats \ 0 replies \ @Satoshi__Nakamoto 15 Aug
That's a really good things of miner in uk
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0 sats \ 1 reply \ @SatsMate 15 Aug
Are there any large miners in the UK right now? I know electricity cost is higher, but it is a more temperate/colder environment so there could be some opportunity to heat pools with ASIC miners like we do with hot tubs here in the states.
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0 sats \ 0 replies \ @SpaceHodler OP 15 Aug
I'm not an expert on this, but apparently there is some smaller scale industrial mining over here, mostly using wind, solar and hydro.
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0 sats \ 5 replies \ @Satosora 15 Aug
1 hour to do what?
Charge all your devices?
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20 sats \ 4 replies \ @SpaceHodler OP 15 Aug
Maybe turn on the AC in my man cave.
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0 sats \ 3 replies \ @Satosora 15 Aug
Is there really anything you can do for an hour?
I wonder if it is so they can try to get people to use more energy after that hour?
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20 sats \ 2 replies \ @SpaceHodler OP 15 Aug
It may not make a big difference, but you can vacuum, cook, take an electric shower, charge an EV.
If they indeed have more energy than there is demand for at the usual rate, it doesn't have to be a loss leader.
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0 sats \ 1 reply \ @Satosora 15 Aug
I guess that is true, but cant the city use it for something useful?
Instead of making the citizens use it?
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10 sats \ 0 replies \ @SpaceHodler OP 15 Aug
It's a private company, it's not the city making the citizens use it.
If the city can put it to good use, I'm sure it can get it from them somehow, whether as a customer on the same terms as any other, or through an OTC deal.
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0 sats \ 0 replies \ @16d86e9daa 15 Aug
i think you should know, The process requires a lot of computational power, which translates into significant energy consumption. When electricity costs are high, the expenses of running mining equipment can outweigh the potential profits from mining.
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